The unmatchable Thomas Sowell;
In the course of any given year, Congress votes on taxes, medical care, military spending, foreign aid, agriculture, labor, international trade, airlines, housing, insurance, courts, natural resources, and much more.
There are professionals who have spent their entire adult lives specializing in just one of these fields. The idea that Congress can be competent in all these areas simultaneously is staggering.
In related government enacted stupidity;
Loose Lips Akerson — a telecom exec who is the latest CEO to come through GM’s revolving executive-suite door — let fly that he would like to see the “federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars.” […]
Akerson knows full well that the reason GM and Chrysler have paid off their government loans early is because fuel prices have declined, boosting the SUV market and their high per-vehicle profits. America’s low gas prices and high disposable income are why companies like Fiat are so desperate to enter the American market — because they make more money here on Jeep Grand Cherokees than on fuel-taxed, econobox Fiat 500s.
This kind of nonsense has earned Akerson scorn among auto insiders. “This is Dan Akerson live and in living color, folks,” writes veteran industry executive Peter De Lorenzo on his blog, “bringing his remarkable arrogance and nuanced cluelessness to bear on key product decisions that will affect GM’s competitive stance for years to come.”